What is the recent shutdown of Xinye Textile?

Did not stop production. Since April 2022, the textile industry has encountered sales obstacles, poor logistics, declining orders, unbalanced production and sales, increased inventory pressure and increased operational risks. With the increase of uncertain factors, enterprises are facing many difficulties in production and operation, and enterprises have defaulted on wages. By the end of 10, the company had found the capital chain, solved the problem and did not stop production. Henan Xinye Textile Co., Ltd. is a national large-scale textile backbone enterprise, one of 520 enterprises in China and 50 key supporting enterprises in Henan Province.